The Vision in Action fundraising initiative is 75 percent complete, leaving about $19 million left to raise, said Jim Orr, vice president for advancement.
“We’ve made good progress since the gifts were made,” Orr said. “We’re right at 75 percent of the $75 million goal, so right around $56 million has been raised to date.”
The initial gifts made in February this year were $55 million in total, but only $45 million of that was dedicated to the Vision in Action initiative, which includes three new science facilities and two new on-campus stadiums.
Orr said the $19 million amount that is left to be raised for the project is split pretty evenly between the two projects – the science buildings and the stadiums.
“We hope to have completed fundraising for the Vision in Action initiatives by early fall,” he said.
Pending completion of fundraising, Onstead Science Center is projected to break ground in fall 2014 and Halbert-Walling to do the same in summer 2015. The university’s policy set by the Board of Trustees is to raise the complete amount of funds before construction begins.
Funds are still being raised for ACU’s Partnering in the Journey Campaign, an effort to raise $50 million to create more scholarships for students. It began more than 2 years ago and has raised a little over half of the goal, leaving about $21-22 million left to raise.
“Donors give to the things that are important to them,” Orr said. “There are lots of people that feel like the scholarship endowment program is critically important and I agree with them because that is something that is sustainable for the long term.”